National Company Law Tribunal rejects Essar Steel promoters settlement offer – Scroll.in

The National Company Law Tribunal on Tuesday rejected the settlement offer put forth by the promoters of Essar Steel Limited, saying the proposal violated a section of the Insolvency and Bankruptcy Code, Reuters reported. The Ruia family made the offer on the day the Committee of Creditors approved ArcelorMittals resolution plan for the insolvent Essar…

Insolvency Proceedings Can Be Withdrawn Even After Invitation Of Resolution Plans Under Regulation 36A : SC [Read Order] – Live Law

In a notable order passed recently, the Supreme Court permitted the withdrawal of Corporate Insolvency Resolution Process(CIRP) even after the Resolution Professional issued invitation for expression of interest from resolution applicants to submit resolution plans under Regulation 36A of CIRP Regulations 2016. As per Regulation 30A, withdrawal of insolvency application has to be sought before…

Due diligence still a must despite Australian bankruptcy rate hitting 23-year low – Australasian Lawyer

Despite the Australian bankruptcy rate hitting a 23-year low, individuals and businesses must still be thorough and ensure that they know who they are doing business with. The legal technology provider and Australian Financial Security Authority (AFSA) broker was reacting to data released by AFSA, which revealed that bankruptcies declined 6% on the year to…

4,800 borrowers in arrears aided by Abhaile duty solicitor – Law Society of Ireland Gazette

Abhaile provides vouchers for free financial and legal advice available through the Money Advice and Budgeting Service (MABS). A total of 11,695 individual borrowers, or over 10,000 households, in mortgage arrears have received independent expert Abhaile financial advice and negotiation support. Court mentor And a court mentor has helped 7,100 borrowers facing repossession proceedings, under…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 6th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on January 22, 2019 to discuss the…